Cal-Maine Foods (NASDAQ:CALM) is gearing up to announce its quarterly earnings on Tuesday, 2024-04-02. Here’s a quick overview of what investors should know before the release.
Analysts are estimating that Cal-Maine Foods will report an earnings per share (EPS) of $2.46.
Investors in Cal-Maine Foods are eagerly awaiting the company’s announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It’s worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Historical Earnings Performance
The company’s EPS missed by $0.18 in the last quarter, leading to a 2.62% increase in the share price on the following day.
Here’s a look at Cal-Maine Foods’s past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.83 | 0.25 | 2.15 | 5.47 |
| EPS Actual | 0.65 | 0.02 | 2.27 | 6.62 |
| Price Change % | 3.0% | -7.000000000000001% | 1.0% | 7.000000000000001% |
Tracking Cal-Maine Foods’s Stock Performance
Shares of Cal-Maine Foods were trading at $58.85 as of March 29. Over the last 52-week period, shares are up 3.66%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Cal-Maine Foods visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
